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Former game developers sell web 2.0 company

Following on news that Naughty Dog's founders Jason Rubing and Andy Gavin launched a web 2.0 company called Flektor, I now hear that MySpace intends to acquire them.

MySpace will acquire Flektor, a just-launched service that allows users to create widgets from photos, video and text, according to two sources with knowledge of the deal. This comes right after the news of MySpace’s pending acquisition of Photobucket last week for $250-$300 million. This will be a much smaller deal, in the $10-$20 million range, possibly with an earnout.